Need help to buy Rv Trayler
Hello Team and members of this fabulous club, we are a new family wanting to start a life as a Camper in an RV Trailer. Today I found an offer for a 2019 MALLARD M185. I am in the process with the D...
Forum Discussion
philh wrote:
With that length of loan you're going to have a very very expensive "toy" that will continue to depreciate. If you're going with 140 month loan, it tells me you are trying to manage payments. Run the numbers out and look at the total. It will be frightening.
Not sure how financially destitute one needs to be for this to be “frightening.” Assuming they paid an avg price of about $18k, it’s like $160ish per month and about $5k total in interest. Only about $2k more than a 60 month loan.
Will they be upside down on it? For sure. But this is such a small cost/investment, it’s really pretty insignificant. It will only be painful when they’re still paying for the camper and it’s long gone. (Unless they can take real good care of it and keep it for 15 years or more)
It’ll become a poor choice if/when they sell it in a few years or want to upgrade and take a bath on it.
Although it’s worse if they got sold on a bunch of other **** like she was asking about. Hopefully not gullible enough to buy the warranty, gap, dealer provided hitch etc.